IFB Industries Limited Company Profile: Products, Promoters and Clients

IFB Industries Limited Company Description:

Established in 1974, IFB is led by Mr. Bikram Nag, overseeing operations with a professional team. The company operates in two segments: manufacturing fine blank components and marketing consumer durable goods. It supplies fine blanking components for motorcycles, cars, heavy vehicles, and electrical OEMs.

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IFB enjoys a strong brand and established market position, offering a diversified product portfolio that includes front and top load washing machines, dryers, air conditioners, microwave ovens, dishwashers, modular kitchens, and chimneys. 

Manufacturing facilities for the fine blanking division are located in Kolkata and Bengaluru, while consumer appliances are manufactured in Goa and Bengaluru.

Q1. What are the Product and service offerings of IFB Industries?

IFB Industries Limited has been a pioneer across multiple sectors for over four decades. Since 1989, it has led the market with fully automatic washing machines and advanced home appliances known for quality and sustainability. In precision engineering, IFB excels with fine blanking and motor components from Bengaluru and Kolkata. 

IFB Automotive Private Limited, established in Bangalore in 1989, supplies high-precision automotive parts nationwide. IFB Agro Limited supports sustainable aquaculture with seafood products and comprehensive farming solutions. 

Committed to excellence, IFB continues to innovate in laundry, living, and kitchen solutions, ensuring customer satisfaction and environmental responsibility.

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Q2. Who are the Promoters/Management of IFB Industries?

IFB Automotive Private Limited owns 46.54% stake in the company.

Mr. Bikramjit Nag, Chairman, a BBA from Richmond College, U.K. His area of core competency includes strategic business management, controls, planning, marketing, legal matters etc.

Mr. Raj Shankar Ray, Managing Director & CEO – Appliances Division, is B. Tech, Mechanical Engg., IIT, Kharagpur. He has more than 31 years of experience in areas like operations, sales etc.

Mr. Prabir Chatterjee, Whole -time Director and Chief Financial Officer, a B. Sc & qualified Cost Accountant and his core area of competency includes management accounting, financial accounting, budgeting, control, financial analysis etc.

Q3. Who are the Clients of IFB Industries?

For Fine Blanking and Automotive division, Company caters to major 4-wheelers and 2-wheelers companies which include Ford, Maruti Suzuki, Hyundai, Nissan, Ashok Leyland, TVS, Royal Enfield, Hero and many more.

IFB Appliances directly deals with the retail consumer space and it contributes for around 78% of revenue as of FY23, where front load washing machines were the top contributors.

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Written By: Khush Kothari